MOMO - China's Entertainment Firm Hello Group Surpasses Revenue Expectations Amidst User Decline | Benzinga
Hello Group Inc (NASDAQ: MOMO) reported a second-quarter FY23 net revenue growth of 0.9% year-on-year to $432.7 million, beating the consensus of $416.8 million.
China's mobile-based social and entertainment services provider reported a non-GAAP net income per ADS of $0.43, above the consensus of $0.35.
Drivers: Monthly Active Users (MAU) on the Tantan application were 17.3 million in June 2023, down from 24.8 million in June 2022.
Total paying users of its Momo app declined from 8.6 million in Q2 FY22 to 7.9 ...